All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
At the open: TSX dips as financials, gold miners weigh + MORE Apr 10th
Wall St opens flat as earnings season approaches
.... More »
Understanding Hack Attacks on Cryptocurrency Sep 28th
You’ve probably heard many good things about cryptocurrency; how people reaped good returns after Bitcoin’s unit price skyrocketed. You want in on the virtual currency gravy train and have some extra cash to spare for this venture. But maybe you’re a bit hesitant.
Unlike traditional in.... More »
SemGroup seeks to carve out bigger niche in Canada with $500-million investment + MORE Oct 1st
U.S. company, known for transporting, storage and processing oil and gas, could jettison its asphalt business in Mexico as it looks to expand its footprint in Alberta, British Columbia
.... More »
RBC earnings: A look at the bank’s Q2 financials + MORE May 31st
Royal Bank of Canada says it’s rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition.
The bank said Thursday it will now pay a quarterly dividend of $1.42 per share, an increase of four cents. It also said it plans to buy .... More »
Apple’s earnings are imminent. Here's what to expect + MORE Oct 25th
Tech giant’s fourth-quarter results will give the first major clues on how consumers responded to the new device
.... More »
Valeant extends hostile US$50B takeover bid for Allergan until Dec. 31
– canadianbusiness.com
LAVAL, Que. – Valeant Pharmaceuticals International, Inc. (TSX:VRX) is extending the deadline for its more than US$50-billion hostile takeover bid for Botox-maker Allergan (NYSE:AGN).
Quebec-based Valeant, whose cash-and-stock offer was set to expire on Friday, announced after markets closed Friday that it was extending the bid until 5 p.m. ET on Dec 31.
Valeant, backed by activist investor Bill Ackman, whose Pershing Square Capital Investment holds some 10 per cent of Allergan stock, originally announced its takeover bid back in April and has since boosted it twice to some US$53 billion.
Valeant said on Friday that all other terms and conditions of the bid remain unchanged under the extension.
Meanwhile, Allergan has steadfastly rejected the offer, at times disparaging both the bid and Valeant’s business model.
And on Aug. 1 it filed a lawsuit accusing Valeant and Pershing Square Capital of using fraud and insider trading to further their hostile takeover attempt of the California-based drug company…
Quebec-based Valeant, whose cash-and-stock offer was set to expire on Friday, announced after markets closed Friday that it was extending the bid until 5 p.m. ET on Dec 31.
Valeant, backed by activist investor Bill Ackman, whose Pershing Square Capital Investment holds some 10 per cent of Allergan stock, originally announced its takeover bid back in April and has since boosted it twice to some US$53 billion.
Valeant said on Friday that all other terms and conditions of the bid remain unchanged under the extension.
Meanwhile, Allergan has steadfastly rejected the offer, at times disparaging both the bid and Valeant’s business model.
And on Aug. 1 it filed a lawsuit accusing Valeant and Pershing Square Capital of using fraud and insider trading to further their hostile takeover attempt of the California-based drug company…
Tesla Motors extends drive-unit warranty for Model S sedan to 8 years, unlimited miles
– canadianbusiness.com
PALO ALTO, Calif. – Electric car maker Tesla Motors says it has extended the drive-unit warranty for its Model S sedan to make it good for eight years and unlimited miles.
The drive-unit warranty, now matching that for the battery pack, will apply retroactively to all Model S vehicles and all owners. Tesla CEO Elon Musk said in a blog posting Friday that the move reflects the company’s belief that electric motors are more reliable than gasoline engines.
He wrote that the warranty extension will have “a moderately negative effect” on Tesla’s earnings in the short term as its reserves to cover warranties are increased.
Tesla, based in Palo Alto, California, is preparing for the launch of a new SUV and a massive new battery plant.
The post Tesla Motors extends drive-unit warranty for Model S sedan to 8 years, unlimited miles appeared first on Canadian Business.
The drive-unit warranty, now matching that for the battery pack, will apply retroactively to all Model S vehicles and all owners. Tesla CEO Elon Musk said in a blog posting Friday that the move reflects the company’s belief that electric motors are more reliable than gasoline engines.
He wrote that the warranty extension will have “a moderately negative effect” on Tesla’s earnings in the short term as its reserves to cover warranties are increased.
Tesla, based in Palo Alto, California, is preparing for the launch of a new SUV and a massive new battery plant.
The post Tesla Motors extends drive-unit warranty for Model S sedan to 8 years, unlimited miles appeared first on Canadian Business.
We help families get five-figure refunds: Roseman
– thestar.com
We helped a family recover a large credit card balance paid by a widow left without assets. We also got a $12,000 refund on a heating system.
CALGARY – Some of the world’s costliest energy projects are in Alberta’s oilsands and some could be cancelled without higher oil prices, according to a new report by a London-based financial think-tank that focuses on climate risk.
The study by the Carbon Tracker Initiative highlighted 20 of the biggest projects around the world that need a minimum oil price of US$95 a barrel to be economically viable.
Most on the list require prices well north of US$110 a barrel and a few in the oilsands even need prices higher than US$150, said the report.
Crude for September delivery was at around US$97 a barrel in New York on Friday.
In total, the 20 projects represent close to $91 billion in capital spending over the next decade.
The report’s authors question whether those funds should be invested in risky projects.
“This analysis demonstrates the worsening cost environment in the oil industry and the extent to which producers are chasing volume over value at the expense of returns,” said CTI analyst Andrew Grant…
The study by the Carbon Tracker Initiative highlighted 20 of the biggest projects around the world that need a minimum oil price of US$95 a barrel to be economically viable.
Most on the list require prices well north of US$110 a barrel and a few in the oilsands even need prices higher than US$150, said the report.
Crude for September delivery was at around US$97 a barrel in New York on Friday.
In total, the 20 projects represent close to $91 billion in capital spending over the next decade.
The report’s authors question whether those funds should be invested in risky projects.
“This analysis demonstrates the worsening cost environment in the oil industry and the extent to which producers are chasing volume over value at the expense of returns,” said CTI analyst Andrew Grant…
Alberta Investment Management Corp. says it has acquired a $520.3-million mortgage portfolio from the Ontario Municipal Employees Retirement System, commonly known as OMERS.
